Solana (SOL), which collapsed after the crisis in Pompeii, excited its investors with signs of recovery.
A significant price movement has been experienced recently. Solana (SOL) started falling after reaching its all-time high (ATH) at $264. The popular altcoin, which is currently trading at around $233, managed to hold the support level at $221, creating optimism. BitcoinCould Solana be seeing new highs as it moves above $100,000?

What is the latest situation in Onchain data?
Onchain data for Solana is currently very positive. In particular, the financing rate data point to the upside. A positive financial ratio indicates that investors are willing to take their long positions. This also appears as a factor supporting growth in our mix. Additionally, high network activity keeps SOL’s value strong. With Bitcoin’s dominance waning, we may see a more positive scenario for SOL.

Solana (SOL) Price Consideration Levels
Solana is trading at $233 as of writing. A break above the $245 resistance level would indicate a bullish momentum return for SOL and could push the price towards $270. However, if SOL fails to cross the $245 level and falls below $221, we could see a pullback towards $200. A bullish rally for the popular altcoin could begin with a break above $300. This level, which is psychologically fragile, can act as resistance in the short/medium term.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.